Stocks Rise As Carter Energy Plans Lift Oil Prices Debate
UPI reports broad stock gains amid Carter energy policy speculation after a Camp David cabinet meeting. Dow up 9.96 to 852.82, NYSE up 0.74 to 56.55, S&P 500 up 1.15 to 100.69. volume strong with leaders in energy shares.
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Frank W. Slusser
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Philip Morr
COREE
Fed approves three bank takeovers by foreign banks
The Federal Reserve Board approved the purchase of Marine Midland Bank of Buffalo Union Bank of Los Angeles and National Bank of North America by Hong Kong and London banks. HSBC Standard Chartered and National Westminster acquire these U S banks with combined assets exceeding many state totals. Muriel Siebert must approve in New York. Foreign banks hold about one fifth of loans at the 300 largest U.S. banks.
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Muriel Siebert
New York State
Ogether
U.S
Ur .S
United States
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